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i think has done a great job. he came in and he said hey, folks, i gotta tell you the faa is one of the biggest parts of the department of transportation. and they got nothing but people, you know. they don't have like battleships that can keep in port or whatever and we're going to have to cut x billion dollars whatever it is. the only way we can meet that goal is we're going to have to furlough. and most of our people -- so we have nothing but employees basically. most of our people or a good schaffer our people are air-traffic controllers so there is no way -- this is what lahood told us, told the world. there is no way that we can avoid this. therefore, no way to avoid what that's going to mean. three things, he said. delays in flights. cancellation of flights and shutting down some regional towers. and he appealed to his fellow republicans. he is a republican. was saying republicans cannot let this happen because they're going to suffer the consequences. of course people said they're just exaggerating. that's not going to happen. and then march 1 kicks in, the sequester kick
what those jitters say about the state of the this market coming up. ashley: outrage over faa furloughs and flight deys. lawmakers demanding answers from the white house. but those delays not stopping airline stocks from soaring. they're in the green today. we'll have all of that straight ahead. tracy: everyone is talking apple expected to report its first quarterly profit drop in 10 years. can apple do anything to stop the slide? we'll have a preview coming up. ashley: first at to the top of the hour, stocks back on track after a steep drop last hour. nicole petallides on the floor of the new york stock exchange. sandra smith is in the pits of the consider me. let's begin with nicole. i guess it as hacker flash crash of sorts, nicole. >> that is good way to call it. this is moment, whew, its all done. we made it through. look where market averages are. they are virtually where they were moments before we saw the market move into negative territory. the dow industrials up 130 points, a gain of 1%. like s&p 500, tech-heavy nasdaq best of the bunch. continuing trend we've seen three days
closures and it is really at the mercy of the faa. >> some of the airlines have started to react. delta has said it is disappointed and warned travellers to expect delays in major cities that we've already outlined. what are the other things we're hearing from the airlines? >> basically the airlines are saying the faa has other options. they can cut their budget in other places. the fax says no. this is how we have to go ahead and do it. the airlines have taken the fax to court over this of they filed a lawsuit on friday. there is no hearing date set for that. everybody is watching closely to see if the courts change the decision. >> what do you know about this newark situation, the flights having to return as a result of the washington controllers being, quote, overwhelmed? >> you have a regional air traffic facility that handle flights going from new york to let's say, florida. a lot of the flights heading over the washington air space were overwhelming the number of reduced workers there. they said we're sorry. you have to turn around and come back. >> what's next? >> next we'll watch wh
through september. there has been a lawsuit filed against the faa, but the case has not been taken up in court. the furloughs could result in delays or canceled flights for one out of three airline passengers. the busiest time of year for travel could be a little bumpier than usual. joining us from washington is former "new york times" correspondent elizabeth becker. elizabeth just penned a new book called "overbooked: the exploding business of travel and tourism." welcome inside "the war room." >> it's nice to be here thank you. >> michael: what impact will the sequesters have on travel to america? >> well, i'm not convinced that the furloughs will come about. i would say that president obama has shown a partiality to listening to the tourism industry. so i'm not sure it is really going to happen. i think there could be a change of mind. but overall america is just recovering from what the industry is calling a lost decade, where a series of idealogical arguments, and the 9/11 border changes really flattened out tourism for the united states when it was booming
, i think they should furlough the president and congress. >> the faa claims it had no choice but to put 15,000 controllers on unpaid furloughs, which means 10% fewer of them working each day. that could mean delays of 3 1/2 hours in atlanta, two hours in chicago and 1 hour and 20 minutes in laguardia. the airlines are furious and argue there are other places to cut. >> the air traffic controllers have never been furloughed. they should not be furloughed now. >> the controllers complain they're being used as political pawns. >> it's the piece of sequestration that affects americans the most. and i don't think that it's fair that air traffic control, particularly air traffic controllers are being used as a pawn. >> ray lahood has a message. >> tell them to fix sequester, and this will go away. >> the administration seems to be saying that any solution to put the air traffic controllers to work must include an overall roll back of the sequester. which does not look like something that's going to happen any time soon. the next few months could be a nightmare for travelers. >> the
had a loved one who has been injured. as of right now the faa has issued a temporary flight restriction over the area. the texas commission on environmental quality is providing air monitoring and technical assistance. texas task force one has been alerted to provide structural collapse support. the union pacific railroad has halted freight service. and local authorities have turned off utility service in the area including gas and electricity. there is an incident command center at a triage center, but they been recently moved due to fears that additional tanks could be at risk. theme, part of the department, has been activated and stands ready t assist texas upon request. the state fire marshal's office, the texas dps, the waco fire hazmat and other state agenes are also responding. the american red cross is working with local emergency management to identify shelter management assistance. we have within fema activated and incident management assistant jim, three preliminary damage assessment teams, and we are also standing by to assist in any other way. our eoc remains at
Search Results 0 to 5 of about 6